My brother-in-law introduced me to this site, and I am loving the opportunity to learn from some of the greatest and wisest real estate investors out there.

For tax purposes, is there a way to have a house in multiple names (say brother and sister) and split the profits so one individual can avoid entering a higher tax bracket?

Next time have your brother take the video.  

The other 75% belonged to her brother and her 2 cousins.

Check for any other escape contingencies.  

My wife and I joined a RE mentoring and education group in the Houston, TX about a year ago and decided to pursue SFRs as a way to supplement retirement savings/income with a view toward possibly shifting to Apartments in future.This all started 6 or 7 years ago when my brother recommended Rich Dad, Poor Dad to us.  

My brother and I just started up our company. 

In the early 1900s two brothers owned the property and divided the parcels unevenly and the other side has a 5 car garage and 8,000+ sq ft lot which sports fruit trees and an old grape vine.

BTW, LLC TWO - two houses, one duplex and an 8-plex is fully owned by my husband and me, but our sister-in-law was once a partner in the duplex and 8-plex prior to my brother-in-law's passing, so she knows the ropes.The key is to set up a succession of contacts for the tenants from the beginning and then provide the contact people with the information and resources they will need to do the job.

I have a good friend who is a commercial property investor with his two brothers and they are setup in an LLP.